6 contracts (600 sh) | BE SS: $141.55 | CC-SS: $149.71 (banked floor $146.21) | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $69,930 | (ND $26.55 + SW $90) x 600 |
| Normal income ref | $4,397/mo | 95% ann ROI on ML |
| Hedge rolling cost | $413/mo | |
| Unrealized P&L | $-53,484 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 6x $69C 11 Sep 2026 | U18827291 | $0.65 | $390 | 2026-09-02 |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 6 contracts). The master ranks the two by E[net]/mo to pick one grand pick; both are shown here so you can choose the tenor that fits your roll cadence.
| Track | Expiry | Sell | Survival | Income/mo | E[net]/mo |
|---|---|---|---|---|---|
| NEXT FRIDAY 🏆 | 18 Sep 2026 · 7d | 5 × $68 | 75% | $2,271 | $708 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | FIGHT edge | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 5 × $75 | 18 Sep | 7d | 17.1% | 94%hist 96% | 13%hist 13% | +1pp | $100 | $429 | -$1,843 | $37,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $75 17.1% OTM over spot $64.03 18 Sep 2026 (7d, $0.24 mid) = $100 credit for the 7d cycle → $429/mo projected Survival (stays ≤ $75) 94% Breach risk 6% POP (stays ≤ $75.25) 94% EV / mo +$206 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +1pp 9% whole by 9mo vs 8% doing nothing FIRE DRILLS ~1.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $-93/mo median; plan ~$-63/mo after 68% keep · $-821 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~5.8 mo, measured ONLY among the 9% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 5% Flat exit net (mid-life) -$991 Free roll-up +$2/wk Safest escape (by 9 Oct 2026) $82 @ 79% POP 74% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.09/sh now → $2.18 mid-life (likely $1.75–$3.02) → ≈ $0 at expiry | you banked $0.20/sh, so a flat mid-life exit nets -$1.98/sh | roll rows are incremental, the banked premium stays yours 📊 Across 136 simulated challenges: the $75 strike is typically first touched on day 6 of 7, at $77 (overshoots $1.53). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $75 is $75 below CC-SS $149.71: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.05/sh (~25% of the $0.20 collected) or spot ≥ $75.25 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $75)); NOT the premium you collected. Momentum override: two daily closes above $78.97 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.00 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $149.71, where you are whole again, by expiry) Starting unrealized P&L: $-53,484 + Fortress recovery (un-capped): +$51,303 − CC assignment net of premium (5 × $75): -$37,253 − Conservative CC assignment net of premium (1 × $110): -$3,970 Total Position P&L @ SS: $-43,404 (+$10,080 vs today) Do-nothing baseline at SS: $-25,999 (this trade vs do-nothing: $-17,405, the opportunity cost of earning $429/mo FIGHT income now) BB-reversion stress (→ $89.94 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$7,370, position total $-45,338 (+$8,146 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 6 × $73 | 18 Sep | 7d | 14.0% | 91%hist 96% | 19%hist 13% | +2pp | $186 | $797 | -$1,474 | $45,838 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $73 14.0% OTM over spot $64.03 18 Sep 2026 (7d, $0.39 mid) = $186 credit for the 7d cycle → $797/mo projected Survival (stays ≤ $73) 91% Breach risk 9% POP (stays ≤ $73.39) 92% EV / mo +$346 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +2pp 8% whole by 9mo vs 7% doing nothing FIRE DRILLS ~1.7/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $133/mo median; plan ~$91/mo after 68% keep · $1,134 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~5.7 mo, measured ONLY among the 8% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 10% Flat exit net (mid-life) -$1,088 Free roll-up +$2/wk Safest escape (by 9 Oct 2026) $81 @ 81% POP 77% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.00/sh now → $2.12 mid-life (likely $1.67–$3.07) → ≈ $0 at expiry | you banked $0.31/sh, so a flat mid-life exit nets -$1.81/sh | roll rows are incremental, the banked premium stays yours 📊 Across 311 simulated challenges: the $73 strike is typically first touched on day 5 of 7, at $74 (overshoots $1.40). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $73 is $77 below CC-SS $149.71: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.08/sh (~25% of the $0.31 collected) or spot ≥ $73.39 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $73)); NOT the premium you collected. Momentum override: two daily closes above $78.97 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.00 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $149.71, where you are whole again, by expiry) Starting unrealized P&L: $-53,484 + Fortress recovery (un-capped): +$51,303 − CC assignment net of premium (6 × $73): -$45,838 Total Position P&L @ SS: $-48,019 (+$5,465 vs today) Do-nothing baseline at SS: $-25,999 (this trade vs do-nothing: $-22,020, the opportunity cost of earning $797/mo FIGHT income now) BB-reversion stress (→ $89.94 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$9,978, position total $-47,947 (+$5,537 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 6 × $70 | 18 Sep | 7d | 9.3% | 83%hist 86% | 35%hist 31% | +5pp | $402 | $1,723 | -$549 | $47,422 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $70 9.3% OTM over spot $64.03 18 Sep 2026 (7d, $0.71 mid) = $402 credit for the 7d cycle → $1,723/mo projected Survival (stays ≤ $70) 83% Breach risk 17% POP (stays ≤ $70.71) 86% EV / mo +$687 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +5pp 13% whole by 9mo vs 8% doing nothing FIRE DRILLS ~3.2/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $567/mo median; plan ~$386/mo after 68% keep · $4,917 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~5.9 mo, measured ONLY among the 13% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 23% Flat exit net (mid-life) -$820 Free roll-up +$2/wk Safest escape (by 9 Oct 2026) $80 @ 85% POP 82% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.88/sh now → $2.04 mid-life (likely $1.92–$3.21) → ≈ $0 at expiry | you banked $0.67/sh, so a flat mid-life exit nets -$1.37/sh | roll rows are incremental, the banked premium stays yours 📊 Across 694 simulated challenges: the $70 strike is typically first touched on day 4 of 7, at $71 (overshoots $1.41). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $70 is $80 below CC-SS $149.71: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.17/sh (~25% of the $0.67 collected) or spot ≥ $70.71 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $70)); NOT the premium you collected. Momentum override: two daily closes above $78.97 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.00 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $149.71, where you are whole again, by expiry) Starting unrealized P&L: $-53,484 + Fortress recovery (un-capped): +$51,303 − CC assignment net of premium (6 × $70): -$47,422 Total Position P&L @ SS: $-49,603 (+$3,881 vs today) Do-nothing baseline at SS: $-25,999 (this trade vs do-nothing: $-23,604, the opportunity cost of earning $1,723/mo FIGHT income now) BB-reversion stress (→ $89.94 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,562, position total $-49,531 (+$3,953 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 5 × $68 | 18 Sep | 7d | 6.2% | 75%hist 83% | 51%hist 44% | +3pp | $530 | $2,271 | — | $40,323 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $68 6.2% OTM over spot $64.03 18 Sep 2026 (7d, $1.12 mid) = $530 credit for the 7d cycle → $2,271/mo projected Survival (stays ≤ $68) 75% Breach risk 25% POP (stays ≤ $69.12) 80% EV / mo +$762 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +3pp 11% whole by 9mo vs 9% doing nothing FIRE DRILLS ~5.3/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $617/mo median; plan ~$420/mo after 68% keep · $5,345 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~5.9 mo, measured ONLY among the 11% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 37% Flat exit net (mid-life) -$459 Free roll-up +$2/wk Safest escape (by 9 Oct 2026) $80 @ 87% POP 86% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.80/sh now → $1.98 mid-life (likely $2.11–$3.24) → ≈ $0 at expiry | you banked $1.06/sh, so a flat mid-life exit nets -$0.92/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,108 simulated challenges: the $68 strike is typically first touched on day 4 of 7, at $69 (overshoots $1.38). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $68 is $82 below CC-SS $149.71: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.27/sh (~25% of the $1.06 collected) or spot ≥ $69.12 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $68)); NOT the premium you collected. Momentum override: two daily closes above $78.97 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.00 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $149.71, where you are whole again, by expiry) Starting unrealized P&L: $-53,484 + Fortress recovery (un-capped): +$51,303 − CC assignment net of premium (5 × $68): -$40,323 − Conservative CC assignment net of premium (1 × $110): -$3,970 Total Position P&L @ SS: $-46,474 (+$7,010 vs today) Do-nothing baseline at SS: $-25,999 (this trade vs do-nothing: $-20,475, the opportunity cost of earning $2,271/mo FIGHT income now) BB-reversion stress (→ $89.94 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$10,440, position total $-48,408 (+$5,076 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 5 × $65 | 18 Sep | 7d | 1.5% | 58%hist 70% | 86%hist 79% | +5pp | $1,030 | $4,414 | +$2,143 | $41,323 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $65 1.5% OTM over spot $64.03 18 Sep 2026 (7d, $2.09 mid) = $1,030 credit for the 7d cycle → $4,414/mo projected Survival (stays ≤ $65) 58% Breach risk 42% POP (stays ≤ $67.09) 71% EV / mo +$1,061 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +5pp 14% whole by 9mo vs 8% doing nothing FIRE DRILLS ~12.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $971/mo median; plan ~$660/mo after 68% keep · $8,461 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~5.7 mo, measured ONLY among the 14% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 69% Flat exit net (mid-life) +$85 Free roll-up +$2/wk Safest escape (by 9 Oct 2026) $81 @ 93% POP 92% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.67/sh now → $1.89 mid-life (likely $2.53–$3.68) → ≈ $0 at expiry | you banked $2.06/sh, so a flat mid-life exit nets +$0.17/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,070 simulated challenges: the $65 strike is typically first touched on day 2 of 7, at $66 (overshoots $1.44). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $65 is $85 below CC-SS $149.71: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.52/sh (~25% of the $2.06 collected) or spot ≥ $67.09 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $65)); NOT the premium you collected. Momentum override: two daily closes above $78.97 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.00 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $149.71, where you are whole again, by expiry) Starting unrealized P&L: $-53,484 + Fortress recovery (un-capped): +$51,303 − CC assignment net of premium (5 × $65): -$41,323 − Conservative CC assignment net of premium (1 × $110): -$3,970 Total Position P&L @ SS: $-47,474 (+$6,010 vs today) Do-nothing baseline at SS: $-25,999 (this trade vs do-nothing: $-21,475, the opportunity cost of earning $4,414/mo FIGHT income now) BB-reversion stress (→ $89.94 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,440, position total $-49,408 (+$4,076 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (4 expiries scanned, 22 clear the income floor), each sized to the minimum contracts that clear it. Sorted by survival (safest first): the primary 🎯 is the safest; rows below trade safety for income.
Fortress delta: 0.998 (IBKR) | Recovery@SS: +$51,303 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-25,999
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $68 | 7d | 18 Sep 2026 | $1.06 | 5/6 | $2,271 | $1,860 | 75% | 80% | +$762 | -$40,323 | 253.1% | $-46,474 (vs do-nothing $-20,475) |
| $67 | 7d | 18 Sep 2026 | $1.34 | 4/6 | $2,297 | $1,888 | 70% | 77% | +$710 | -$32,547 | 204.3% | $-42,667 (vs do-nothing $-16,668) |
| $68 | 14d | 25 Sep 2026 | $1.93 | 6/6 | $2,481 | $2,068 | 70% | 77% | +$761 | -$47,866 | 300.5% | $-50,047 (vs do-nothing $-24,048) |
| $68 | 21d | 2 Oct 2026 | $2.62 | 6/6 | $2,246 | $1,832 | 67% | 76% | +$540 | -$47,452 | 297.9% | $-49,633 (vs do-nothing $-23,634) |
| $67 | 14d | 25 Sep 2026 | $2.23 | 5/6 | $2,389 | $1,978 | 66% | 75% | +$651 | -$40,238 | 252.6% | $-46,389 (vs do-nothing $-20,390) |
| $66 | 7d | 18 Sep 2026 | $1.67 | 4/6 | $2,863 | $2,454 | 65% | 74% | +$816 | -$32,815 | 206.0% | $-42,935 (vs do-nothing $-16,936) |
| $67 | 21d | 2 Oct 2026 | $2.97 | 6/6 | $2,546 | $2,132 | 64% | 74% | +$572 | -$47,842 | 300.3% | $-50,023 (vs do-nothing $-24,024) |
| $66 | 14d | 25 Sep 2026 | $2.59 | 4/6 | $2,220 | $1,811 | 62% | 73% | +$542 | -$32,447 | 203.7% | $-42,567 (vs do-nothing $-16,568) |
| $66 | 21d | 2 Oct 2026 | $3.35 | 5/6 | $2,393 | $1,982 | 61% | 72% | +$495 | -$40,178 | 252.2% | $-46,329 (vs do-nothing $-20,330) |
| $66 | 28d | 9 Oct 2026 | $3.95 | 6/6 | $2,539 | $2,126 | 60% | 72% | +$518 | -$47,854 | 300.4% | $-50,035 (vs do-nothing $-24,036) |
| $65 | 7d | 18 Sep 2026 | $2.06 | 3/6 | $2,649 | $2,242 | 58% | 71% | +$636 | -$24,794 | 155.6% | $-38,884 (vs do-nothing $-12,885) |
| $65 | 14d | 25 Sep 2026 | $3.00 | 4/6 | $2,571 | $2,162 | 57% | 71% | +$560 | -$32,683 | 205.2% | $-42,803 (vs do-nothing $-16,804) |
| $65 | 21d | 2 Oct 2026 | $3.75 | 5/6 | $2,679 | $2,267 | 57% | 70% | +$496 | -$40,478 | 254.1% | $-46,629 (vs do-nothing $-20,630) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $65 | 28d | 9 Oct 2026 | $4.15 | 5/6 | $2,223 | $1,812 | 57% | 71% | +$318 | -$40,278 | 252.8% | $-46,429 (vs do-nothing $-20,430) |
| $64 | 28d | 9 Oct 2026 | $4.55 | 5/6 | $2,438 | $2,026 | 54% | 69% | +$291 | -$40,578 | 254.7% | $-46,729 (vs do-nothing $-20,730) |
| $64 | 21d | 2 Oct 2026 | $4.20 | 4/6 | $2,400 | $1,991 | 53% | 69% | +$400 | -$32,603 | 204.7% | $-42,723 (vs do-nothing $-16,724) |
| $64 | 14d | 25 Sep 2026 | $3.45 | 3/6 | $2,218 | $1,811 | 52% | 69% | +$421 | -$24,677 | 154.9% | $-38,767 (vs do-nothing $-12,768) |
| $64 | 7d | 18 Sep 2026 | $2.51 | 3/6 | $3,227 | $2,820 | 52% | 68% | +$640 | -$24,959 | 156.7% | $-39,049 (vs do-nothing $-13,050) |
| $63 | 28d | 9 Oct 2026 | $4.60 | 5/6 | $2,464 | $2,053 | 50% | 67% | +$55 | -$41,053 | 257.7% | $-47,204 (vs do-nothing $-21,205) |
| $63 | 21d | 2 Oct 2026 | $4.60 | 4/6 | $2,629 | $2,220 | 49% | 67% | +$360 | -$32,843 | 206.2% | $-42,963 (vs do-nothing $-16,964) |
| $63 | 14d | 25 Sep 2026 | $4.00 | 3/6 | $2,571 | $2,165 | 48% | 67% | +$448 | -$24,812 | 155.8% | $-38,902 (vs do-nothing $-12,903) |
| $63 | 7d | 18 Sep 2026 | $3.00 | 2/6 | $2,571 | $2,167 | 45% | 66% | +$395 | -$16,741 | 105.1% | $-34,801 (vs do-nothing $-8,802) |
Income/mo = FIGHT leg gross, DTE-prorated. Net/mo = FIGHT + conservative CC gross minus hedge cost. POP (mid) = probability stock closes at or below (strike + mid premium) at expiry, per-strike chain IV when available. Survival = CC expires fully worthless. EV/mo = premium minus expected buyback, monthly, with realized vol = IV x 85% (variance risk premium 15%). Survival, POP and touch use vol x 1.00 (raw implied: the VRP haircut is applied to the premium edge but NOT to risk, because understating the edge costs opportunity while understating breach odds costs capital; the risk-side haircut arms only from the graded ledger). Cap give-up @ SS = recovery mortgaged on a V-bounce to SS, net of premium. Total P&L @ SS = absolute position P&L if the stock closes at SS; "vs do-nothing" = opportunity cost against holding all 6 contracts at the conservative CC.